PartnershipAug 5, 2026, 04:13 PM
Bitdeer Secures $4.7B, 16-Year AI/HPC Data Center Lease in Norway
AI Summary
Bitdeer Technologies Group announced a significant 16-year colocation lease and services agreement with Volta Tydal AS for its Tydal, Norway campus. The deal is valued at approximately $4.7 billion over the initial term, with a potential to reach $8.0 billion over 24 years. This partnership will establish a 121 IT MW AI/HPC data center, powered by 100% renewable energy and equipped with NVIDIA GPUs for a leading AI lab. The agreement is supported by a $1.3 billion credit backstop from J.P. Morgan affiliates, underscoring the project's financial robustness and Bitdeer's strategic expansion into AI infrastructure.
Key Highlights
- Secured a 16-year colocation lease and services agreement with Volta Tydal AS.
- Contract represents approximately $4.7 billion in revenue over the initial 16-year term.
- Potential total contract value could reach $8.0 billion with an 8-year renewal option.
- Agreement covers 121 IT MW for AI/HPC data center, running NVIDIA GPUs for a leading AI lab.
- Volta's obligations are backed by a $1.3 billion credit backstop from J.P. Morgan affiliates.
- Estimated NOI Margin of approximately 90% with 3% annual escalators.
- Remaining capital expenditure for the project is approximately $500 million.
Price Impact
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